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Peter Spina: Bank of France books $15 billion gain from gold reserve revaluation

Peter Spina: Bank of France books $15 billion gain from gold reserve revaluation
France books $15 billion gold gain

The Bank of France has recorded a one-time capital gain of nearly €13 billion ($15.1 billion) from an upgrade of its gold reserves since last July, according to the central bank.

Tweet author Peter Spina highlighted that higher gold prices contributed significantly to this increase in value for the French central bank's reserves.

Spina has previously reported on fluctuations in precious metals markets. Earlier, he noted that SLV short positions plunged by 38 percent to 45.79 million shares. In a separate update, he observed that SLV short interest fell 18.22% to 37.45 million shares as of late February.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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